Colony Bankcorp (CBAN) Projected to Post Quarterly Earnings on Wednesday

Colony Bankcorp (NASDAQ:CBAN - Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.40 per share and revenue of $32.30 million for the quarter.

Colony Bankcorp Stock Up 1.0%

Shares of Colony Bankcorp stock traded up $0.18 during trading on Thursday, hitting $17.64. 8,185 shares of the stock traded hands, compared to its average volume of 56,548. The stock's fifty day simple moving average is $16.07 and its 200 day simple moving average is $16.04. Colony Bankcorp has a 52-week low of $13.00 and a 52-week high of $18.49. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The firm has a market cap of $307.61 million, a P/E ratio of 13.05 and a beta of 0.62.

Colony Bankcorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, May 7th. Colony Bankcorp's payout ratio is presently 32.17%.

Insider Buying and Selling at Colony Bankcorp

In other news, Director Paul E. Joiner III bought 6,150 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average price of $15.01 per share, with a total value of $92,311.50. Following the purchase, the director owned 6,150 shares in the company, valued at approximately $92,311.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.62% of the company's stock.

Hedge Funds Weigh In On Colony Bankcorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in Colony Bankcorp by 153.9% during the first quarter. AQR Capital Management LLC now owns 28,466 shares of the financial services provider's stock worth $460,000 after buying an additional 17,253 shares during the period. Jane Street Group LLC raised its holdings in shares of Colony Bankcorp by 46.8% in the first quarter. Jane Street Group LLC now owns 41,462 shares of the financial services provider's stock worth $670,000 after acquiring an additional 13,216 shares during the last quarter. Empowered Funds LLC increased its stake in Colony Bankcorp by 28.8% in the first quarter. Empowered Funds LLC now owns 47,942 shares of the financial services provider's stock valued at $774,000 after purchasing an additional 10,709 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Colony Bankcorp by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the financial services provider's stock valued at $1,585,000 after purchasing an additional 9,226 shares during the last quarter. 50.37% of the stock is owned by institutional investors and hedge funds.

About Colony Bankcorp

Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers deposit products, including demand, savings, and time deposits. It also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.